Zürcher Nachrichten - EU hits X with 120-mn-euro fine, risking Trump ire

EUR -
AED 4.251552
AFN 76.406525
ALL 92.613573
AMD 421.989952
ANG 2.071981
AOA 1061.5848
ARS 1730.593456
AUD 1.634175
AWG 2.083809
AZN 1.965468
BAM 1.956217
BBD 2.331997
BDT 141.260111
BGN 1.963835
BHD 0.436593
BIF 3460.237591
BMD 1.157672
BND 1.479615
BOB 13.401857
BRL 6.038993
BSD 1.157847
BTN 110.730604
BWP 15.629332
BYN 3.521751
BYR 22690.366723
BZD 2.328696
CAD 1.608267
CDF 2627.9152
CHF 0.940374
CLF 0.027162
CLP 1069.040652
CNY 7.806525
CNH 7.809897
COP 3596.72412
CRC 520.110868
CUC 1.157672
CUP 30.678302
CVE 110.288509
CZK 24.205292
DJF 206.183951
DKK 7.476594
DOP 68.014498
DZD 153.864978
EGP 58.495532
ERN 17.365077
ETB 185.806013
FJD 2.556776
FKP 0.853644
GBP 0.855467
GEL 3.015714
GGP 0.853644
GHS 12.794727
GIP 0.853644
GMD 85.667882
GNF 10171.168106
GTQ 8.831883
GYD 242.241637
HKD 9.080372
HNL 31.044618
HRK 7.536079
HTG 151.452284
HUF 365.302576
IDR 20629.247901
ILS 3.466646
IMP 0.853644
INR 110.927472
IQD 1517.128857
IRR 1591306.675246
ISK 142.219915
JEP 0.853644
JMD 182.948998
JOD 0.820809
JPY 184.804907
KES 149.929906
KGS 101.238832
KHR 4683.99845
KMF 493.168544
KPW 1041.904934
KRW 1635.338673
KWD 0.357466
KYD 0.964906
KZT 534.773993
LAK 26094.562368
LBP 103686.301975
LKR 384.321923
LRD 210.154797
LSL 18.783604
LTL 3.418303
LVL 0.700264
LYD 7.377573
MAD 10.771556
MDL 19.973258
MGA 4987.063052
MKD 61.538118
MMK 2430.880808
MNT 4163.995329
MOP 9.354194
MRU 46.436899
MUR 54.410951
MVR 17.897971
MWK 2010.875715
MXN 19.755095
MYR 4.699038
MZN 73.980982
NAD 18.846491
NGN 1563.030153
NIO 42.609083
NOK 10.909835
NPR 177.168766
NZD 1.96836
OMR 0.445134
PAB 1.157847
PEN 3.89846
PGK 5.087678
PHP 71.494329
PKR 321.334896
PLN 4.323731
PYG 6985.489041
QAR 4.220293
RON 5.248649
RSD 117.393682
RUB 98.288288
RWF 1706.063668
SAR 4.337317
SBD 9.291255
SCR 16.549099
SDG 696.33622
SEK 11.044906
SGD 1.479966
SHP 0.85768
SLE 28.536389
SLL 24275.797319
SOS 661.60662
SRD 43.953309
STD 23961.468342
STN 24.505224
SVC 10.13116
SYP 15052.048265
SZL 18.846559
THB 38.307719
TJS 10.698581
TMT 4.051851
TND 3.378954
TOP 2.787396
TRY 55.490183
TTD 7.851674
TWD 36.971751
TZS 3068.091838
UAH 51.867156
UGX 4318.92063
USD 1.157672
UYU 46.709957
UZS 13685.917317
VES 893.232739
VND 30304.373965
VUV 136.997248
WST 3.156174
XAF 656.096855
XAG 0.018276
XAU 0.000267
XCD 3.128665
XCG 2.086745
XDR 0.818534
XOF 656.096855
XPF 119.331742
YER 274.487632
ZAR 18.807825
ZMK 10420.439589
ZMW 21.622609
ZWL 372.769838
  • RYCEF

    0.2200

    21.06

    +1.04%

  • RBGPF

    -2.6900

    68.65

    -3.92%

  • CMSD

    -0.0900

    21.09

    -0.43%

  • CMSC

    -0.1200

    21.24

    -0.56%

  • BCC

    -1.7600

    80.18

    -2.2%

  • RIO

    -0.5200

    96.69

    -0.54%

  • JRI

    -0.0400

    12.44

    -0.32%

  • BP

    0.5600

    43.41

    +1.29%

  • NGG

    0.8600

    82.15

    +1.05%

  • BTI

    0.6500

    56.38

    +1.15%

  • BCE

    0.0100

    23.36

    +0.04%

  • AZN

    3.2100

    160.1

    +2%

  • VOD

    -0.0700

    16.13

    -0.43%

  • GSK

    0.8700

    51.15

    +1.7%

  • RELX

    0.9500

    34.51

    +2.75%

EU hits X with 120-mn-euro fine, risking Trump ire
EU hits X with 120-mn-euro fine, risking Trump ire / Photo: Nicolas TUCAT - AFP

EU hits X with 120-mn-euro fine, risking Trump ire

The European Union hit Elon Musk's X with a 120-million-euro ($140-million) fine Friday for breaking its digital rules, in a move that risks a fresh clash with US President Donald Trump's administration.

Text size:

The high-profile probe into the social media platform was seen as a test of the bloc's resolve to police Big Tech -- and Vice President JD Vance fired a bullish warning against "attacking" US firms through "censorship" before the penalty was even made public.

Imposing the first-ever fine under its powerful Digital Services Act (DSA) on content, the EU said it was hitting X for non-compliance with transparency rules including through the "deceptive design" of its blue checkmark.

"This decision is about the transparency of X" and "nothing to do with censorship," the bloc's tech chief Henna Virkkunen told reporters as it was announced -- pushing back at Vance's charge.

The US vice president warned the EU pre-emptively Thursday it "should be supporting free speech not attacking American companies over garbage" -- in an X post to which Musk replied "Much appreciated."

Musk's platform was the target of the EU's first ever formal DSA investigation launched in December 2023 -- and was preliminarily found to have breached its rules on several counts in July 2024.

The European Commission took issue with the check system introduced after Musk took over what was then Twitter in 2022 -- since it meant anyone could pay for a label intended as a badge of authenticity.

Its probe also found X failed to be sufficiently transparent about its advertising and give researchers access to public data in line with the DSA's rules.

X remains under investigation over how it tackles the spread of illegal content and information manipulation -- with those parts of the probe yet to conclude.

- 'Comply with our rules' -

Part one of the X probe had appeared to stall since the middle of last year -- with no movement on imposing.

Weighing on the EU's mind was the picture in the United States -- starkly different from 2023 -- after Trump returned as president with Musk by his side at the start of this year.

The pair later fell out, but the tycoon has since reappeared in White House circles, and Brussels had to contend with the prospect any fine on X would fan tensions with the US leader.

True to form, Vance hit out before the move was even announced, citing "rumours" the commission was preparing to fine X "for not engaging in censorship."

The DSA gives the EU power to fine companies as much as six percent of their global annual revenues -- and in the case of X the bloc could have based itself on the revenues of Musk's entire business empire, including Tesla.

Brussels settled on what is arguably a moderate sum relative to X's clout -- but Virkkunen told reporters it was "proportionate" to the violations at stake.

"We are not here to impose the highest fines. We are here to make sure that our digital legislation is enforced," said the tech chief. "If you comply with our rules, you don't get a fine -- and it's as simple as that."

She also emphasised this was just one part of a "very broad investigation" into X, which remained ongoing.

Washington has made plain its distaste for the bloc's tech laws, and US Commerce Secretary Howard Lutnick pressed the EU to rethink the rules if it wants lower steel duties while in Brussels last week.

Driving the point home, a new national security strategy released Friday by Trump's administration urges Europe to "abandon its failed focus on regulatory suffocation."

The commission has repeatedly asserted Europe's "sovereign right" to enforce its laws.

At the same time as the X fine, the commission said it had accepted commitments from TikTok to address concerns over its advertising system, although the Chinese-owned platform remains under DSA investigation over other issues.

Regarding X, EU officials insist US politics did not steer their decision-making -- but rather making the case legally water-tight.

T.L.Marti--NZN